Assembly Presents New York City and Lower Manhattan Employment And Wage Summary

Report Highlights Area's Significant Role In State Economy

According to a report released today by Assembly Speaker
Sheldon Silver and Ways and Means Committee Chairman Herman
"Denny" Farrell, Jr., more than a half a million
private sector jobs (7.3 percent of state's private sector
employment) were affected by the terrorist attack on the World
Trade Center.

"While we can never put a dollar figure on the loss of human
life resulting from the horrific attacks, we can and must try to
assess the economic impact so that we as New York State policymakers
can respond in the most effective manner. This report begins the
recovery process," said Silver.

"We are just beginning to come to terms with the significant
economic effect these attacks will have on our city, our state and
our nation," said Farrell. "After seeing these numbers,
there is no doubt that we must work quickly to rebuild the economy
of lower Manhattan."

Silver and Farrell indicated that the Assembly would continue efforts
to fully assess the economic impact the attacks will have on the
city and state economies and governments.